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Required information Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the
Required information Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 140 units @ $51.80 per unit March 5 Purchase 245 units @ $56.80 per unit March 9 Sales 300 units @ $86.80 per unit March 18 Purchase 105 units @ $61.80 per unit March 25 Purchase 190 units @ $63.80 per unit March 29 Sales 170 units @ $96.80 per unit Totals 680 units 470 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identif
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